The Democrats are in big trouble in this election year, and there's no better evidence than the $3.8 billion budget President Obama presented yesterday. He had to concede that the economy's bad and will have to get worse before it gets better, and described himself of being caught between reducing the deficit in the long run and the need to create jobs in the short run. On this rebroadcast of To the Point, we hear more about the economics and the politics behind the budget, what's at stake for Medicare, Social Security and taxes if Washington doesn't get a grip on the deficit.

FROM THIS EPISODE

The Democrats are in big trouble in this election year, and there's no better evidence than the budget President Obama presented yesterday. He had to concede that the economy's bad and then argue that things will have to get worse before they get better. In introducing his $3.8 trillion budget, the President defined his dilemma of being caught between reducing the deficit in the long run and the need to create jobs in the short run. On this rebroadcast of today's To the Point, we hear more about the economics and the politics behind the budget, what's at stake for Medicare, Social Security and taxes if Washington doesn't get a grip on the deficit.